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Proposals to revise offshore fund and REIT rules:...

The Financial Services Development Council (FSDC) in Hong Kong issued six new research papers on 18 November 2013, which have been submitted to Hong Kong’s Chief Executive, the Honourable CY Leung, for consideration. Two of these papers contain recommendations of particular importance on proposed changes to the taxation of private equity (PE) funds, and proposed changes to the Hong Kong Real Estate Investment Trust (REIT) market.